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Post by Franko10 ™ on Jan 3, 2008 16:12:18 GMT -5
March 16, 2007
Fuego Entertainment Announces the Acquisition of the Cuban-American Film, The Bases are Loaded
MIAMI, March 16, 2007 -- Fuego Entertainment, Inc. (OTCBB: FUGO) announces that it has acquired the feature film, The Bases are Loaded, produced and directed by filmmaker Jeffrey Nagel.
Under this agreement, Fuego Entertainment will have the exclusive right to market, distribute, and sell the film in all formats for the following territories: Central and South America, the Caribbean, Europe, and Asia. Fuego has non-exclusive rights for the US since the film is already being distributed to various media outlets. Financial terms for this acquisition were not disclosed.
Cuba many only be 90 miles from the United States, but politics has created a much greater chasm. In pre-revolution Cuba, Fidel Castro aspired to play professional baseball in the United States. In The Bases are Loaded, Baseball Hall of Fame legend Monte Irvin returns to Cuba to reunite with former teammate and Cuban baseball icon Connie Marrero after a 50-year separation. The journey reveals the cultural, social, and political complexities of Cuban baseball and America’s relationship with the island nation, while highlighting a unique friendship. The film offers a unique opportunity to experience Cuba and its thriving baseball culture, the beautiful, romantic, and electric streets of Havana, and the music, the beating heart of the Cuban people.
“A touching look at the power of America’s pastime for anyone who appreciates baseballs remarkable history and the warmth of the Cuban people” -- Larry Mantle, Host of Air Talk on NPR.
“We continue to expand our horizons and increase Fuego’s catalog by aggressively seeking and acquiring great music, film, and video content that we feel will be successfully received by the general audience,” stated Hugo Cancio, CEO of Fuego Entertainment, Inc.
About Fuego Entertainment, Inc.
Fuego Entertainment, Inc. is engaged in the production, acquisition, marketing, sales, and distribution of entertainment products such as short films, documentaries, television shows, music, and tour productions. Also, through its subsidiaries, the Company provides management and development of television stations, recorded music, and music publishing services worldwide. The music operations include discovery, production, development, and distribution of recorded music. The Company also markets its music catalog through compilations and re-issuances of previously released music and video titles, as well as licenses tracks to and from other producers and record labels for various uses, including film, documentaries, short films and television soundtracks. For more information, please visit Fuego Entertainment at www.fuegoentertainment.net
This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Fuego Entertainment, Inc., members of their management, and assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.
CONTACT: Fuego Entertainment, Inc., Dan York, Investor Relations, 214-675-2531, ir@fuegoentertainment.net
Fuego Entertainment Announces the Acquisition of the Cuban-American Film, The Bases are Loaded
MIAMI, March 16, 2007 -- Fuego Entertainment, Inc. (OTCBB: FUGO) announces that it has acquired the feature film, The Bases are Loaded, produced and directed by filmmaker Jeffrey Nagel.
Under this agreement, Fuego Entertainment will have the exclusive right to market, distribute, and sell the film in all formats for the following territories: Central and South America, the Caribbean, Europe, and Asia. Fuego has non-exclusive rights for the US since the film is already being distributed to various media outlets. Financial terms for this acquisition were not disclosed.
Cuba many only be 90 miles from the United States, but politics has created a much greater chasm. In pre-revolution Cuba, Fidel Castro aspired to play professional baseball in the United States. In The Bases are Loaded, Baseball Hall of Fame legend Monte Irvin returns to Cuba to reunite with former teammate and Cuban baseball icon Connie Marrero after a 50-year separation. The journey reveals the cultural, social, and political complexities of Cuban baseball and America’s relationship with the island nation, while highlighting a unique friendship. The film offers a unique opportunity to experience Cuba and its thriving baseball culture, the beautiful, romantic, and electric streets of Havana, and the music, the beating heart of the Cuban people.
“A touching look at the power of America’s pastime for anyone who appreciates baseballs remarkable history and the warmth of the Cuban people” -- Larry Mantle, Host of Air Talk on NPR.
“We continue to expand our horizons and increase Fuego’s catalog by aggressively seeking and acquiring great music, film, and video content that we feel will be successfully received by the general audience,” stated Hugo Cancio, CEO of Fuego Entertainment, Inc.
About Fuego Entertainment, Inc.
Fuego Entertainment, Inc. is engaged in the production, acquisition, marketing, sales, and distribution of entertainment products such as short films, documentaries, television shows, music, and tour productions. Also, through its subsidiaries, the Company provides management and development of television stations, recorded music, and music publishing services worldwide. The music operations include discovery, production, development, and distribution of recorded music. The Company also markets its music catalog through compilations and re-issuances of previously released music and video titles, as well as licenses tracks to and from other producers and record labels for various uses, including film, documentaries, short films and television soundtracks. For more information, please visit Fuego Entertainment at www.fuegoentertainment.net
This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Fuego Entertainment, Inc., members of their management, and assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.
CONTACT: Fuego Entertainment, Inc., Dan York, Investor Relations, 214-675-2531, ir@fuegoentertainment.net
